CSCP Leak Questions

Certified Supply Chain Professional Questions and Answers

Question 89

Raw material costs have been rising and much of the inventory has been in-house for several months. Which of the following inventory accounting methods would maximize reported company assets?

Options:

Last in, first out (LIFO)

First in, first out (FIFO)

Activity-based cost

Moving average cost

Question 90

Which of the following statements describes a continuous replenishment strategy in a retail environment?

Options:

Retailers make replenishment decisions.

Retailers prepare individual orders and share sales data with vendors to improve customer service.

Vendors use sales data and prepare shipments to maintain the desired level of inventory.

Vendors take full control of inventory policy.

Question 91

Which of the following risks does currency fluctuation pose if a company is operating globally?

Options:

It creates a requirement for additional inventory.

It impacts supplier performance due to frequent replenishment.

It requires compensation to local governments.

It changes the relative profit expected from the sales.

Question 92

A company has a high product mix and has decided to increase its supply chain flexibility. The most appropriate action for the company to take is to:

Options:

implement a new inventory management system.

increase the standardization of equipment and processes.

decrease the cycle time of product development.

implement principles of theory of constraints (TOC).

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Certified Supply Chain Professional Questions and Answers

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